Bitcoin pumped Yesterday,22nd December 2019(Sunday) And Cme Futures opened with a big Gap on monday And as always cme gap is going to fill ,So for now i am bearish and holding short trade also Price is about to form and miss double top or potentially double top my take profit is around the cme gap
Also Share your views
A 6% correction is what I am expecting out from here.. before we see major fall back...
keep the liquidation points in mind for 100x , 50x, 25,
a 3x to 5.5x is the safest trade...11080$ is what market should touch.
(I am not your financial advisor... so do your reseach before you put down your investment the market)
the market states a clear upward moment... we will see some correction in the next 4 hr chart as we can in the 4 hr stoch rsi is over bought already and so is the 1 day.
keep an eye on the correction if one wants to long from here...
next big thing if we break 12388@ mark high chances we should touch 14000$ within this week.
(The chart is based on xbt)..
last time we saw a dip of 30% and then a rise of approx 36%, after which we saw a dip of 30% back again, now keeping history in mind (if repeated) we should see a rise of 36% back again making the price touch 12300$ approx within some time.
if the current resistance is broken we can see the market anywhere around 12400$ mark easily given it a push of approx 36% just like last time.... the market should break the resistance aytime within this week.
if u can see parabolic move of bitcoin on monthly chart , u can see that bottom red line acted as MAJOR support while upper red line acted as major break of parabolic move , that upper line/zone coincide with 13700-14300 zone . what oscillators r showing on HTF(weekly & monthly) that momentum is heavy & can reach till 13700 easily ..... its just an assumption ..i...
hey guys, bitcoin price charts in small time frames are one of the most tricky things in technical analysis, seriously trust me, ive personally experienced this thing as an elliot wave analyst. but there're some patterns which appears again and again in bitcoin's chart, for example like the upper one.
i've seen this tricky pattern a lot of time in bitcoin...